Case Number 090044 - CUFS - Computerized Term Contract Buying

Description: The best buying tool available for any large comprehensive
institution is the Annual Term Contract. In return for the
pooled buying power for a commodity or service, the bidding
vendors promise a fixed price and discount to the
institution, most often for the entire year. Purchase
discounts average thirty percent.
As important as fixed prices are in an inflationary economy,
and volume discounts are in any economy, convenience is the
value added with these computerized programs of term contract
buying .

They limit contact with Central Purchasing Buyers to
those non-repetitive needs that cannot be predicted.